Moving and Retirement

Everytime I read of an elderly woman (60!) who (amazingly) fended off a purse snatcher or competed in a marathon, my stomach turns. I wanted to let journalists know that women over 70 could start, re-start, and succeed (fingers crossed) in entrepreneurial pursuits. more »

We have also partnered with the US departments of Labor and Treasury and with the HOPE NOW Unemployment Taskforce to help unemployed homeowners avoid losing their homes. This collaboration led to the creation of an online tool that allows homeowners and servicers to document unemployment insurance benefits as income in order to qualify for federally sponsored mortgage modification programs. more »

With a new FHA Home Equity Conversion Mortgage Program (known as HECM), one of the biggest upfront fees that borrowers are expected to pay will be almost eliminated. But The New York Times article, Changes on Reverse Mortgages Will Alter Fee Structure, warns that the "ongoing monthly insurance premiums will rise drastically". more »

Already today, one in five workers aged 50 and older has fully retired from his or her former career job but currently is working for pay in a new role, which we define as a "retirement job." And this will soon become the "new normal" — fully 75% of workers aged 50 and older expect to have retirement jobs in the future more »